Please meet iTerm, alternative replacement for native OSX terminal. This guy has been my preferred terminal since snow leopard. But the only thing that was missing is i want it to behave like a common text editor, where i can navigate through words using option+left (⌥ + ⇐), option+right (⌥ + ⇒), command+left (⌘ + ⇐), command+right (⌘ + ⇒).